Get Out of Dodge – Update December 11, 2011

What to do with your money?

EU Rumors in the Mainstream Media – You are getting maybe a small piece of what is really going on in the news. The alternative news has no real sources for things like what the EU is really up to regarding it's economic condition. We can glean the banks are in trouble big time.

Eurozone banking system on the edge of collapse

Their bailout plan will serve to trash the EURO and their banks like what the USA does:

EU summit: This emergency plan is great news - if you're a bank

S&P Warns of a massive Eurozone downgrade of bonds.

Here’s Why the Euro-Zone Downgrade Threat Really Matters

UK block EU treaty changes designed to save the Euro (allegedly save it I would add).

Clegg: Cameron's EU treaty veto 'bad for Britain'

It is safe to say that there is a substantial chance of EU member states leaving the Euro and possibly Eurozone. Some of these EU nations are tired of the flow of illegal aliens into their nations and want their own border controls to come back to stop the flow. Many of these EU nations are in financial trouble and those not in trouble do not have the strength to bail them out. It looks like many nations will revert back to their own currency. This is going to be a shocker to the world. But a bigger shock will occur when the USA goes.

Euro Convertibility Issues – If the nations start to leave the EURO what they are not telling you is that there is not going to be any convertibility for the EURO. If you are holding EUROS you are stuck and will take a ride down with the EURO. How bad? Well I think the Euro may drop by 50% or more. Financial markets in Europe will go wacko. You go to your offshore bank and say well I have 100,000 EUROS please convert this to swiss francs, USD whatever. The bank then says sorry. We have no buyers for the EURO right now, you need to wait until we have buyers. Banks won't just convert your EUROS, they are not that dumb. Well what if some countries still keep on using the EURO as their currency? That will help. Problem is there is going to be a heck of a lot more sellers than buyers. You may never get rid of the EUROS or you might sell them for another currency not in demand. Selling the EURO can be painful in that the rate for conversion can be very low. Best thing to do is jump out of any EUROS you may be holding.

What About the USD – The USD will jump up as a reaction to the EURO drop. It will be the safe currency to hold. This will be short lived, very short lived. The idea is to leave the USA if this is where you are. Many currencies are going to have serious problems when the USD dies and becomes like confederate money. The USA financial markets will take many countries down financially. Countries holding US debt will suffer greatly. The idea is to find a place to live in that has it's own currency not tied to the USD. This country will continue to use it's currency in spite of what happens in the USA and EU. So you will have purchasing power.

Gold and Silver – The problems here are profound. Transporting the metals over borders is a major obstacle that is very hard to deal with. As the EURO goes down there is going to be financial turmoil in the EU. I would seriously consider getting your precious metals out of those gold storage facilities in the EU and banks storing gold for you in the EU. You risk an Obama confiscation. You risk a broke EU putting some sort of tax or other fees on the metals when selling or moving out of EU. They may put a bank on the metals leaving the EU. Riots can lead to vandalism and pilfering. Lot of risk. Not much good down the road for gold and silver storage in the EU. You might be better off relocating somewhere and buying a farm that has a well with the money you got for liquidating your metals. How long can you live without food – few weeks. Without water – few days. Without a house well maybe a long time and maybe just a few hours depends on the climate. How long can you live without gold and silver - indefinitely.

Unrest on the Way in the USA – Expect to see unrest in the USA with fighting. The bible says ruler against ruler.

Jer.51:45-47

My people, go ye out of the midst of her, and deliver ye every man his soul from the fierce anger of the LORD.

 46And lest your heart faint, and ye fear for the rumor that shall be heard in the land; a rumor shall both come one year, and after that in another year shall come a rumor, and violence in the land, ruler against ruler.

 47Therefore, behold, the days come, that I will do judgment upon the graven images of Babylon: and her whole land shall be confounded, and all her slain shall fall in the midst of her.

What the ruler against ruler means is not yet in clear focus. Perhaps secession of the states that are sick and tired of the removal of their freedoms. Perhaps other countries fighting against the USA in the USA. Perhaps something else. There will be violence. Read the news and you could see the people are boiling mad. The people are stock piling weapons like mad. The Occupy movement is not doing one bit of good. The government is digging in for a confrontation with those who wish to test the mettle of the government with absolutely insane laws being passed that seem to surpass anything the Nazis ever wrote. They are writing these laws because they intend to use them. They are not bluffing. Expect to see people leaving in droves shortly. The Fed may take steps to stop this, whatever they think will work. They can control money leaving, people leaving, personal property leaving, etc. It seems silly to keep reporting on new horrendous pieces of legislation designed to strip people of their rights against the constitution. It has become a way of life for the government to do this. Before you go, get your money out, then you go. No matter how bad property values are now they are only going to get worse, not better. Precious metals may not continue to climb as the EURO fails and later on the USD. Things will soon be economically unbelievable. It will be an entirely different ballgame with different rules. The road ahead is going to be hard. Expert advice will prove wrong. Old rules will no longer apply. Having yourself a nice house out of the USA with a small piece of growing land, well water and some animals may be the very best thing you can do with your money. You will have a roof, water and food. These will always have value and bottom line is they can sustain you indefinitely in comfort.

The Wire System – This is really run by the EU and USA. When they go down forget bank wires. Forget checks from these countries. Now you will have to travel to your offshore bank to get to your money. Take that into account.

Again leave and bank in the local currency of the country you live in after you leave. If you must go offshore then make sure you can get to the country where your money is. Then consider how large and stable the country is and the likelihood of them surviving. Many of these small tax havens keep their funds in the correspondent banks. So their USD holdings will be in US banks, their Euro holdings, UK pound, Swiss Francs etc will be in European correspondent banks. Bear in mind Visa, MasterCard, Discover and American Express are all USA companies too. The ATM system and credit card system will be gone. You are about to enter into an age with things happening that has never happened before. I would close out positions in the financial markets. These are eventually going to collapse and become worthless or impossible to redeem. Again you will need buyers to sell successfully.

Travel Issues – When the trouble starts visa free travel with USA passports is most likely to stop. Getting out through Mexico is not going to be so easy. They shut their border after 9/11. The remedy is a second passport from a country you wish to live in and then getting a Mexican residency in that second passport so Mexico will not deny you entrance. Relying on visa free passage as a tourist will not be reliable in times of trouble with a massive amount of Americans leaving. You should be lining up a permanent residency and citizenship in other nations now. You may be denied entrance without a permanent residency or citizenship from the destination nation. With this we can help, inquire. As the trouble mounts, the cost, requirements and difficulty of obtaining these other citizenships will increase as a flood of Americans begin looking for a place to live.